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03.05 Getting the Most for Your Money

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Daniela Rodriguez

on 2 April 2015

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Transcript of 03.05 Getting the Most for Your Money

What product market did you choose for this data to represent? Explain why.
If you were in business for this product, at which price and quantity level would you sell?
At which price and quantity does marginal cost nearly equal marginal revenue without exceeding it? Highlight this point on your graph.
Daniela Rodriguez | Mrs. Kling
03.05 Getting the Most for Your Money
The product market that I chose for this date to represent is cleaning rooms because it's what seemed most reasonable for the prices.
The price at which they are equal is 44.7 and approximately 4.8 for quantity.
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